📉 Bankruptcy claims for the defunct cryptocurrency exchange FTX have surged to a peak of 73 cents per dollar, as reported by Bloomberg, with current trading in the range of 57 to 73 cents. The recent recovery in the crypto market has contributed to this rapid rise from 53 cents as of the end of October. Bradley Max, director of Cherokee Acquisition, notes that while FTX's bankruptcy trustee submitted a plan indicating customers would own more than 90% of the assets, the timing and process for creditor compensation remain uncertain. 💹🏦 #CryptoNews🔒📰🚫 🚀📊
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